Jeffrey M. Farber Sells 6,114 Shares of The Hanover Insurance Group, Inc. (NYSE:THG) Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 6,114 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $162.36, for a total transaction of $992,669.04. Following the completion of the transaction, the executive vice president now directly owns 54,091 shares of the company’s stock, valued at approximately $8,782,214.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

The Hanover Insurance Group Stock Up 1.0 %

NYSE:THG opened at $164.12 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $5.91 billion, a P/E ratio of 16.28 and a beta of 0.70. The Hanover Insurance Group, Inc. has a fifty-two week low of $113.32 and a fifty-two week high of $164.54. The firm has a 50-day simple moving average of $149.52 and a two-hundred day simple moving average of $137.83.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.40. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 EPS. Analysts predict that The Hanover Insurance Group, Inc. will post 11.29 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 33.73%.

Analysts Set New Price Targets

Several research firms recently weighed in on THG. Keefe, Bruyette & Woods lifted their price target on The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. JMP Securities boosted their target price on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Piper Sandler increased their price target on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Bank of America boosted their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Oppenheimer raised their target price on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.40.

Hedge Funds Weigh In On The Hanover Insurance Group

Hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of The Hanover Insurance Group by 10.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider’s stock valued at $219,883,000 after acquiring an additional 143,339 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in The Hanover Insurance Group by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 997,011 shares of the insurance provider’s stock worth $147,667,000 after purchasing an additional 4,717 shares during the last quarter. American Century Companies Inc. grew its position in The Hanover Insurance Group by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock worth $100,607,000 after purchasing an additional 33,249 shares during the period. Dimensional Fund Advisors LP raised its stake in The Hanover Insurance Group by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 798,109 shares of the insurance provider’s stock valued at $100,111,000 after buying an additional 30,536 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of The Hanover Insurance Group by 14,711.0% during the 3rd quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider’s stock valued at $81,823,000 after buying an additional 548,720 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.